Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Summary of Significant Accounting Policies [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the approximate value of assets and liabilities measured at fair value on a recurring basis within the Company’s balance sheets as of March 31, 2026 by the fair value hierarchy (in thousands):

	(Level 1)		(Level 2)		(Level 3)		Total
Cash and cash equivalents	$	37,371	$	-	$	-	$	37,371
Total cash and cash equivalents at fair value	$	37,371	$	-	$	-	$	37,371

	(Level 1)		(Level 2)		(Level 3)		Total
Corporate bonds	$	-	$	17,215	$	-	$	17,215
Total marketable securities at fair value	$	-	$	17,215	$	-	$	17,215

Refer to Note 3 for disclosures related to cash equivalents and marketable securities.

	(Level 1)		(Level 2)		(Level 3)		Total
Warrant liability	$	-	$	-	$	21,695	$	21,695
Total liabilities at fair value	$	-	$	-	$	21,695	$	21,695

The following tables present the approximate value of assets and liabilities measured at fair value on a recurring basis within the Company’s balance sheets as of December 31, 2025 by the fair value hierarchy (in thousands):

	(Level 1)		(Level 2)		(Level 3)		Total
Cash and cash equivalents	$	29,198	$	-	$	-	$	29,198
Total cash and cash equivalents at fair value	$	29,198	$	-	$	-	$	29,198

	(Level 1)		(Level 2)		(Level 3)		Total
Corporate bonds	$	-	$	12,071	$	-	$	12,071
Total marketable securities at fair value	$	-	$	12,071	$	-	$	12,071

Refer to Note 3 for disclosures related to cash equivalents and marketable securities.

	(Level 1)		(Level 2)		(Level 3)		Total
Warrant liability	$	-	$	-	$	16,915	$	16,915
Total liabilities at fair value	$	-	$	-	$	16,915	$	16,915

Schedule of Changes in Fair Value of the Warrant Liability Classified in Level 3

The following table summarizes the changes in fair value of the warrant liability classified in Level 3. Gains and losses reported in this table include changes in fair value that are attributable to unobservable inputs (in thousands):

	Three Months Ended March 31, 2025
Fair value at January 1, 2025	$	18,936
Change in fair value of warrants		(8,348	)
Fair value at March 31, 2025	$	10,588

	Three Months Ended March 31, 2026
Fair value at January 1, 2026	$	16,915
Change in fair value of warrants		4,780
Fair value at March 31, 2026	$	21,695